Long Term Care

Long term care costs are arguably the biggest threat to your retirement plan and your financial legacy that you will leave behind to your heirs. The change from living in a home that is paid for to writing a $5,000 check every month for a nursing home room can be devastating. Likewise, having your children rearrange their lives to care for you while their inheritance is depleted is equally devastating.

This devastation can be prevented very easily. The problem is that people believe two myths about long term care:

(1) I am healthy and it is not likely that I will need long term care. If I do, my family will take care of me.
(2) Long term care insurance is too expensive. I believe I can self-insure this risk.

What are the odds you will receive long term care in your lifetime? ODDS
What is the average cost of long term care today? COST
What is the best way to plan for long term care? PLAN